Reseal of Probate is explained in this article and why it is important when applying for Probate, when assets are located in a different state!
When a person dies it is necessary to make an application for Probate to the New South Wales Supreme Court for their Will to be recognised. If everything is in order, the Supreme Court will issue a “Grant of Probate.” Until a Grant of Probate is issued, none of the assets of the deceased can be distributed to the beneficiaries named in their Will.
A problem can arise where the deceased owns assets that are not located in New South Wales. This is because a Grant of Probate is State based. This means that any assets not located in New South Wales cannot be dealt with under the New South Wales Grant of Probate.
A “Reseal of Probate” is the expression used when you need to apply to another State’s Supreme Court, so that a Will that has already obtained a Grant of Probate in one State, can be recognised in another State. Once a Reseal of Probate has been granted, the Executor can also deal with the assets under the Will that are not located in the State where the original Grant of Probate was achieved.
A Reseal of Probate is important as it allows an Executor to deal with all assets of the Estate of the deceased, regardless of where they are located.
If you are involved in the distribution of assets of a deceased that are located in one or more States, then you need to understand what a Reseal of Probate is and how it can help in the distribution of the assets of the Estate.
The process of obtaining a Reseal of Probate is quite involved and requires the filing of formal documents in Court as well as advertising requirements of the Reseal of Probate.
If you find yourself in the situation where a Reseal of Probate appears to be necessary, then you need to seek expert legal advice on the process of the obtaining the reseal. This includes making sure that you have met all the Court’s requirements to obtain the reseal, ensuring that you do not waste money on an unsuccessful application to the Court, such as filing fees.
An expert lawyer in Wills and Estate Law will be able to assist you and ensure that you have the ability to carry out the wishes of the deceased as set out in their Will. A Reseal of Probate allows you to carry out all the wishes of the deceased regardless of what State their assets are located in.
If you need advice on obtaining a Reseal Of Probate, speak to the expert lawyers at Sydney Wills Lawyers on how to successfully make a successful Reseal of Probate.
Call Graeme Heckenberg today for an appointment on 9221 2779. Offices located close to public transport in a prime city location.